Hard Money Quick Loans

For many investors looking to get the most out of their investments in real estate, hard money quick loans are an effective tool. The hard money loan offers investors the speed and flexibility required to acquire quick financing and sped to market. In real estate, speed is king, and speed of financing reign supreme. The ability to acquire financing faster than your competitors is one benefit that hard money offers. This benefit fortunately is crucial because the quicker you can buy and sell properties at a given market price, the more control you have over your returns on investment.

Hard money loans are simply a non conforming loan that is lent from a private lender, often times an investor. They are referred to as “hard” money loans because they are backed by a hard asset, most commonly real estate property. The hard asset is used as collateral in the event that the borrower cannot meet the payment obligations arranged between him and the lender. Hard money loans terms usually have a limit on the loan to value ratio (LTV) on which the loan is to be lent. The loan to value ratio compares the value of the loan to the value of the property. Hard money lenders like HML Investments typically lend up to 65% LTV and charge interest rates between 8-14%. This higher interest rate is a reflection of the added risk involved. Whether you are a seasoned investor or a first time investor, hard money loans can get you moving forward with your real estate ventures quickly and effectively.

For more information about hard money quick loans, contact the specialists at HML Investments today.